Hopefully you haven't had to deal with that as you learn the system!

. :)Hope that helpsJames

Hoping to do some networking and learn more about the pros/cons of investing in the VA Beach area.Background:I have purchased and sold a primary residence before, but am trying to learn the ins and outs of purchasing for investment purposes.

Virtually everything in the news is saying there is no hope for home ownership, everyone is going to be a renter, etc., but the overall home ownership % nationally vs. renter % is actually up. 

Let's do a quick (I hope) and dirty look at it:1 - 100k SFH bought with a standard NOO Mortgage at 5% which rents for $1k, and lets assume; that unicorns exist and fart rainbows, you have 100% Lease Up, and $0 for repairs for the first, lets say, 5 years on all of your properties, and that we buy everything on the first day of the year.Year 1: You Spend 30k to purchase house, you owe 70k your payments are: 376 a month giving you a free cash flow of 1000 - 376 = $627!

I'm on here to learn more about wholesaling properties and raising private capital/private lending for scaling and further deals.Excited to be on this journey,DavidHi fellow Vancouverite, hope everything is going well for you!

I hope this helps you.

Hope this helps, Best of luck

Looking forward to meeting you and I hope you all had a great Derby weekend!

Now that that is out of the way, hopefully I can help with at least some of your questions:You can only offset the gains from one property with the losses from another if you are utilizing one of two tax strategies.